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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Total Revenues $ 44,941,246 $ 43,657,888 $ 38,650,570
Direct Cost of Revenues      
Total Direct Cost of Revenues (7,104,667) (8,761,463) (8,338,305)
General and Administrative Expenses (9,818,075) (9,785,370) (10,252,610)
Depreciation and Amortization (15,797,278) (15,761,523) (12,314,700)
Total Operating Expenses (32,720,020) (34,308,356) (30,905,615)
Gain on Disposition of Assets 21,977,465 22,035,666 38
Total Operating Income 34,198,691 31,385,198 7,744,993
Investment Income 344,843 52,221 37,985
Interest Expense (12,466,062) (10,423,286) (8,523,136)
Income (Loss) from Continuing Operations Before Income Tax Expense 22,077,472 21,014,133 (740,158)
Income Tax Benefit (Expense) from Continuing Operations (5,472,178) (6,025,148) 22,481,523
Net Income from Continuing Operations 16,605,294 14,988,985 21,741,365
Income from Discontinued Operations (Net of Income Tax)—See Note 23 98,367,564 22,178,805 19,978,059
Net Income $ 114,972,858 $ 37,167,790 $ 41,719,424
Basic      
Net Income from Continuing Operations (in dollars per share) $ 3.32 $ 2.72 $ 3.92
Net Income from Discontinued Operations (Net of Income Tax) (in dollars per share) 19.71 4.04 3.61
Basic Net Income per Share (in dollars per share) 23.03 6.76 7.53
Diluted      
Net Income from Continuing Operations (in dollars per share) 3.32 2.71 3.90
Net Income from Discontinued Operations (Net of Income Tax) -Diluted (in dollars per share) 19.68 4.01 3.58
Diluted Net Income per Share (in dollars per share) 23.00 6.72 7.48
Dividends Declared and Paid (in dollars per share) $ 0.44 $ 0.27 $ 0.18
Income Properties      
Revenues      
Total Revenues $ 41,955,414 $ 40,075,731 $ 31,406,930
Direct Cost of Revenues      
Total Direct Cost of Revenues (7,000,001) (8,170,083) (6,917,743)
Depreciation and Amortization (15,774,228) (15,728,095) (12,272,265)
Management Services      
Revenues      
Total Revenues 304,553    
Commercial Loan Investments      
Revenues      
Total Revenues 1,829,015 615,728 2,052,689
Real Estate Operations      
Revenues      
Total Revenues 852,264 2,966,429 5,190,951
Direct Cost of Revenues      
Total Direct Cost of Revenues $ (104,666) $ (591,380) $ (1,420,562)